Ithaka Group LLC Grows Stake in NVIDIA Corporation $NVDA

Ithaka Group LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,614 shares of the computer hardware maker’s stock after purchasing an additional 5,840 shares during the period. NVIDIA comprises about 7.5% of Ithaka Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Ithaka Group LLC’s holdings in NVIDIA were worth $36,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vision Financial Markets LLC increased its holdings in shares of NVIDIA by 1,711.0% in the 1st quarter. Vision Financial Markets LLC now owns 5,089 shares of the computer hardware maker’s stock worth $551,000 after purchasing an additional 4,808 shares in the last quarter. Associated Banc Corp increased its holdings in shares of NVIDIA by 0.8% in the 1st quarter. Associated Banc Corp now owns 978,101 shares of the computer hardware maker’s stock worth $106,007,000 after purchasing an additional 7,313 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of NVIDIA in the 1st quarter worth $1,239,000. LCM Capital Management Inc increased its holdings in shares of NVIDIA by 8.3% in the 1st quarter. LCM Capital Management Inc now owns 70,509 shares of the computer hardware maker’s stock worth $7,642,000 after purchasing an additional 5,425 shares in the last quarter. Finally, Maxi Investments CY Ltd increased its holdings in shares of NVIDIA by 733.3% in the 1st quarter. Maxi Investments CY Ltd now owns 162,515 shares of the computer hardware maker’s stock worth $17,613,000 after purchasing an additional 143,012 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $171.66 on Friday. The business’s fifty day moving average is $172.55 and its 200 day moving average is $140.01. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a market capitalization of $4.17 trillion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 1.24 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The business’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s payout ratio is presently 1.14%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NVDA. TD Cowen lifted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $215.00 price target on shares of NVIDIA in a research note on Thursday. Jefferies Financial Group raised their price target on NVIDIA from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Sanford C. Bernstein restated an “outperform” rating and issued a $225.00 price target (up from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Rosenblatt Securities raised their price target on NVIDIA from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.69.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company’s stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,872,755 shares of company stock valued at $764,283,330 over the last three months. Insiders own 4.17% of the company’s stock.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.